Our policies and slavery statement
PRS Members and our Company Values
PRS members should conduct themselves in accordance with our Company Values of Integrity and Inclusiveness. While PRS will not actively monitor its members’ actions, in the event it becomes or is made aware of any violations of these values which may prejudice the success of PRS, the CEO may issue a written warning and/or refer the matter to the Members’ Council for further disciplinary action, including termination of membership.
PRS for Music: 2021 Modern Slavery Statement
This statement is made pursuant to section 54 of the Modern Slavery Act 2015 (the “Act”). It applies to Performing Right Society Limited (“PRS”) and PRS for Music Limited (“PRSfM”) (together, “PRS for Music”). It sets out the steps that PRS for Music has taken in the 2021 financial year to ensure that slavery and human trafficking is not taking place in any part of its business or supply chains.
PRS for Music has a zero-tolerance approach to slavery and human trafficking. We are committed to having effective systems and controls in place to safeguard against any form of slavery or human trafficking taking place within our business or our supply chains.
PRS for Music licenses, collects and otherwise administers the performing rights in the musical works of the writer and publisher members of PRS.
PRS is a company limited by guarantee, owned by its writer and publisher members. PRS has a wholly-owned subsidiary, PRSfM, which in turn owns various joint ventures, including International Copyright Enterprise Service Limited, ICE International Copyright Enterprise Germany GmbH, ICE Operations AB and PPL PRS Limited (collectively, the “Group”).
PRS for Music engages various suppliers including, but not limited to, IT providers, contractors and professional service advisers.
PRS for Music operates a number of policies to ensure that we are conducting business in an ethical and transparent manner. These include:
- PRS for Music’s Values. Our compliance activities, in particular, are anchored in our integrity value.
- PRS for Music Code of Conduct
- PRS for Music Anti-Bribery and Corruption Policy
- PRS for Music Whistleblowing Policy
- PRS for Music Grievance Policy
- PRS for Music Modern Slavery Policy
- Zero tolerance of abuse, assault or other threatening behaviour
PRS for Music has a dedicated compliance team, which is focused on ensuring compliance with the Act.
PRS for Music has taken various steps to raise staff awareness of modern slavery in the past year. These include:
- Providing a company-wide communication on World Anti-Slavery day on the continuing existence of modern slavery in our workplaces and communities, and what can be done to tackle this;
- Providing company-wide compliance training on modern slavery highlighting the relevant PRS for Music policies, why it is important and what staff should do if they have any concerns; and
- Launching a Modern Slavery Policy highlighting what modern slavery is, the high-risk areas for the company and how to raise concerns.
PRS for Music also continues to ask its suppliers to provide a written assurance that they are committed to ensuring that there is no modern slavery or human trafficking in their supply chains or in any part of their business, and that they keep their modern slavery compliance measures under review. This request is incorporated into the PRS for Music procurement process.
Approval for this statement
This statement is made pursuant to Section 54 of the Act and constitutes PRS and PRSfM’s slavery and human trafficking statement for the financial year ending 31 December 2021. This statement was approved by the PRSfM Board of Directors on 22 March 2022 and the PRS Members' Council on 6 April 2022.
Andrea C. Martin
Chief Executive Officer
Date: 9 May 2022
PRS for Music Limited